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1002 Hibbard
1727 N Hudson
1727 Hudson Open House
Spring Market Minute 2018
Best Backyard on the North Shore
Cubs Win! Trump Wins! And Buyer Activity Down on the North Shore Housing Market!
Foot traffic through local homes for sale plunged more last month than in any of the previous four Octobers, according to data gleaned from local real estate agents.
That includes October 2012, the last time a presidential campaign was going on.
“You have the election and the World Series distracting buyers, or making them nervous,” said the data provider, Paul Lazarre, a co-founder of Chicago-based real estate site Truepad. The site gathers data from about 25 percent of the region’s real estate agents.
Lazarre gauges demand using data that essentially compares the number of homes on the market to the number of showings buyers’ agents request. In the three weeks that ended Oct. 29 (a popular day for open houses), Chicago-area showings dropped about 30 percent, he said.
In the comparable period in the past four years, the drop was from about 3 percent to about 10 percent, Lazarre said. Data for years before 2012 is available but not quite comparable, he said, because the real estate market was so depressed.
Conlon/Christie’s International Real Estate agent Ryan Preuett said the data stack up with his experience this fall.
“Showing requests have certainly slowed down,” Preuett said. “There’s still activity going on, but it’s not like the velocity it was.” He also concurs with Lazarre’s data showing that past October falloffs weren’t as steep.
“It always cools off, but it’s been more noticeable this year,” Preuett said. Along with the World Series and the presidential campaign, Preuett said, buyers also may have been cooling their jets because of Chicago’s recent property tax increase and talk of another teacher strike.
Lazarre’s system collects data from a booking system for real estate agents to determine how many showings a home gets. While his model measures homes differently based on average foot traffic for listings in its neighborhood, a 300 essentially means a house is getting three showings a week.
By Oct. 29, homes were averaging about 3.2 showings over the course of the past three weeks, Lazarre’s data show, down from 4.5 in late September and early October. As well as being the biggest drop, the figure is also one of the two lowest in the past five Octobers. In October 2012, it was 4.7, followed by 4.3 (2013), 3.2 (2014) and 3.6 (2015).
The figures are approximate because of the weighting of different neighborhoods and other technical adjustments in Lazarre’s data.
After the election and the World Series, “we could be in for a change,” Lazarre said. In 2012, showings soared beginning right after Thanksgiving.
Average Price by Wilmette Elementary Schools
Average Price by Wilmette Elementary Schools
Here is the latest data on how average sales prices have fared among the various elementary schools in Wilmette. You’ll notice the bump in early to mid 2015 for Central School. This is partly the result of a majority of $2M+ sales occurring in Central School district between December 2014 and December 2015. One lakefront sale, alone, garnered $6.2M in February 2015. Additionally, a healthy portion of Wilmette’s new construction closed in Central School District in early to mid 2015 (8 sales total) compared to just 3 new construction sales over the most recent 12 months in Central School. Interestingly, new construction activity has been robust in Romona District thanks to the lower cost of land and the Wilmette Circle subdivision. 8 new construction homes have closed in Romona district in the last 12 months which has helped to elevate Romona’s average sale price.
1630 Sheridan – Best Value on Wilmette’s Lakefront!
Incredible resort-like living on the North Shore! Amazing views of Lake Michigan from this gorgeous 3 Bedroom co-op unit with added Den, private balcony, in-unit laundry, 2.5 baths, many updates and every building amenity imaginable to make life as easy and enjoyable as possible for you. This premiere building offers attentive on-site management, 24 hour doorman, manicured grounds with BBQ grills, pool, heated garage with deeded parking space (#126), fitness room, private storage locker (#15), party room and rentable guest unit. Walk to Plaza del Lago, shopping and dining. NOTE: Property taxes INCLUDED in monthly assessment.
Video Tour of 5406 Crain – Home For Sale in Skokie, IL
Missed our open house?
No worries – check out our video tour of this fabulous home! Contact Lisa Finks or Lourdes Arencibia for more details or a private showing. 5406 Crain, Home For Sale in Skokie.
Welcome Home! This Must-See Georgian Home Boasts Traditional Style and Ease of Living. Meticulously Kept and So Many Updates! New Kitchen & All New Appliances (2012), Gut Rehab of Upper Bathroom (2012), New Doors Throughout (2014), New Tile, Sink, Toilet in Powder (2011), New Tile in Basement Bath (2016), New Fixtures Second Floor (2012), New Brick Paving (2015). On the First Floor, a Formal Dining Room, Large Living Room, Updated Kitchen, Large Sunlit Family Room, Powder and Mud Room Make Day to Day Living a Breeze. Home Features 3 Generous Bedrooms Upstairs and Lots of Closet Space. Basement is Finished with Second Full Kitchen, Rec Room, and Additional Office/Extra Bedroom. Basement Could Easily be Used as a Self-Contained In-Law or Nanny Area. Oversized 2.5 Car Garage and Large Yard with Deck Off Back of Home. Convenient Mud Room with Fabulous Storage. Gorgeous Tree-lined Street With Easy Access to Top Schools, Public Transportation, Shopping and Parks.